the pension bridge – the private equity

DEPARTMENT OF FlRE AND POLICE PENSIONS
360 East Second Street, Suite 400
Los Angeles, CA 90012
(213)978-4545
REPORT TO THE BOARD OF FlRE AND POLICE PENSION COMMISSIONERS
July 9, 2009
ITEM: 14
FROM: \\$=hael
A. Perez, General Manager
APPROVAL OF TRAVEL AUTHORITY - THE PENSION BRIDGE - THE PRIVATE
EQUITY EXCLUSIVE - JULY 20 22.2009 - CHICAGO. IL
SUBJECT:
-
RECOMMENDATION
That the Board authorize Commissioner Mike Carter to attend The Private Equity Exclusive on
July 20 - 22, 2009, in Chicago, IL (July 2othand 22" are travel days).
DISCUSSION
Commissioner Mike Carter has expressed interest in participating in the following conference:
Conference:
Sponsor:
Dates:
Location:
Mode of transportation:
The Private Equity Exclusive
The Pension Bridge
July 20 - 21,2009
Chicago, IL
Commercial Airline
BUDGET
The proposed expenditures are consistent with the Board's Travel and Education Policy.
Estimated cost for Commissioner Carter:
Registration
Airfare
Lodging
Incidentals (ground transportation, parking, mileage)
NIA
300.00
681.OO
334.00
$1,315.00
$
All information regarding (he conference is contained in the attached agenda.
I
\
Evange ~ a & d
~ x e c i t i v eAdministrative Assistant
Attachment
Commemorating 110 years of service to our members
The Private Equity Exclusive is an event produced by
The Pension Bridge. It is the only Private Equity Conference in the Institutional Investment Community
where you can find the top investment decision-makers
in one room. The largest Public Funds from around the
country along with the most influential Consultants
specializing in Private Equity will join us for this exclusive event.
Learn from the experts about the most important Issues, Trends, Outlooks and Strategies
that will shape the Private Equity Industry for today and the future:
- Effects of the Recession on Private Equity
- The Aftershocks of the ongoing Credit Crunch and Liquidity Crisis
- LP Capital Calls, Allocation Shifts and the Secondary Market
takes center stage
- Distressed Opportunities in Credit, Debt and Real Estate
- Will the Buyout Market remain quiet and when will the Deals return?
- Difficult Fundraising Environment - what it
means for GPs and how it affects LPs
- Where will the best returns be found and what
are the expectations from each sub-sector?
- Why Emerging Managers are receiving
more attention
- Is the Future now for CleanTech?
I
And plenty more important topics that need to be
addressed during these treacherous times that are unlike
any other in history!
-
The Private Equity Exclusive has two goals in mind. Our first goal is to provide the highest level of education with the top speaker faculty. Our second goal is also to help build relationships between the Consultants, Limited Partners and General Partners.
Just how different and unique is The Private Equity Exclusive? At one of the most well known conferences in the Private
Equity Industry last year, there was approximately a 20: 1 Ratio of GP to LP/Consultant. At this event, we will have better
than a 1:l Ratio of G P Firm to LPIConsultant. We will cut off the attendance and have a minimum of 55 - 65 Pension
Funds or Consultants and limit the GP firms to 50. This will be the ONLY Private Equity Conference of its kind where you
will NOT get lost among the crowd of markers.
There has never been an event that has provided you with a greater opportunity to develop relationships that will lead to
future business and assist in the fundraising process. This experience will include:
A High Level of Education from the top minds in the Industry
Meeting the most Influential Consultants
Meeting some of the Largest Pension Funds
A Small Group in a Controlled Setting
An Intimate Atmosphere to help make Connections
We have provided the best possible networking atmosphere to discuss the different issues, trends and outlooks with Private
Equity. We have secured a luxury suite at the Chicago White Sox game (taking place at the conclusion of the conference),
which will provide an additional networking opportunity in stress-free environment.
Some of the Consultants who attended last year's 2008 Private Equity Exclusive include:
Albourne Partners Limited
Altius Associates
Ennis Knupp + Associates
Marquet te Associates
Pacific Corporate Group, (PCG)
Lowery Asset Consulting
Aldus Equity
Credit Suisse CFIG, (Fund of Funds)
Evaluation Associates
Meketa Investment Group
Pension Consulting Alliance, (PCA)
Stepstone Group
Alignment Capital Group
DiMeo Schneider & Associates
Marco Consulting Group
NEPC
Rogerscasey
Strategic Investment Solutions, (SIS)
Some of the Pension Funds who attended last year's 2008 Private Equity Exclusive include:
Arkansas Teacher Retirement System
Baltimore Retirement Systems
CalPERS
County Employees A&B Fund of Cook County
Illinois State Board of Investment
Los Angeles City Employees Retirement System
Massachusetts PRIM
Municipal Employees' A&B Fund of Chicago
New Mexico State Investment Council
New York City Employees Retirement System
New York City Retirement Systems
New York State Common Retirement Fund
North Carolina Department of State Treasurer
Orange County Employees Retirement System
Oregon State Treasury /Oregon Investment Council
Park Employees A&B Fund of Chicago
Philadelphia Board of Pensions
Policemen's A&B Fund of Chicago
Public School Teachers Pension & Retirement-Chicago
San Diego City Employees' Retirement System
Sentry Insurance
State Retirement & Pension System of Maryland
State Universities Retirement Systeni of Illinois, (SURS)
State of Wisconsin Investment Board
Teachers' Retirement System of the State of Illinois
Teacher Retirement System of Texas
Texas Permanent School Fund
Washington State Investment Board
The Private Equity Exclusive not only gets your foot in the door, it gets you inside at a time when the attending funds are
seeking to partner with GPs. We look forward to a strong event and a very productive one from both an educational and
relationship perspective. We hope that you will join us in Chicago to be among the most powerful and elite in the
A
Austin Long, Partner, Alignment Capital Group
Reynold Martin, CFA, Allstate Investments
Ross Posner, Allstate Investments
Brad Young, Partner, Head of North America, Altius Associates
Matt Den Bleyker, Alternatives Portfolio Manager, Arizona State Retirement System
Gary Robertson, Senior Vice President & Manager, Private Equity Research Group, Callan Associates
Ryan Ball, Vice President, Callan Associates
Tom Lynch, Managing Director. Cliffwater
Scott Taylor, Principal, Funds & Secondaries, C P P Investment Board, (Canada Pension Plan)
Dan Kim, Senior Investment Analyst, Global Private Equity Group, Ennis Knupp + Associates
Brett Nelson, Principal. Head of Global Private Equity, Ennis Knupp +Associates
Rob Parkinson, Senior lnvestment Analyst, Global Private Equity Group. Ennis Knupp + Associates
Keith Berlin, Vice President, Fund E\.aluation Group
Harry Leggat, Associate Director of Private Markets, Harnmond Associates
Alexandra Garcia, Portfolio Manager for Emerging and Minority Managers, Illinois State Boarcl of Investments
Tim Kominiarek, Portfolio Manager for Private Equity and Real Estate, Illinois State Board of Investments
Chris Tobe, Trustee, lnvestment Committee Member, Kentucky Retirement Systems
Mike Carter, President of the Board, Los Angeles Fire & Police Pension System
Joe Taiber, Executive VP, Director ofAlternative Investment Research, Lobvcry Asset Consulting
John Freihammer, Investment Manager Analyst, Marco Consulting Group
Jamie Wesner, Vice President, Marquette Associates
Leo Festino, Consultant, Mekcta Investment Group
Jim Mohler, Senior lnvestment Manager, Municipal Employees' Annuity & Benefit Fund of Chicago
Kelly Wietsma, Investment Analyst, Municipal Employees' Annuity & Benefit Fund of Chicago
Bill Monagle, Partner, Private Markets, NEPC
Greg Kulka, Director - Private Equity & ETI Programs, New Mexico State I n ~ c s t m e n Council
t
Elizabeth Caldas, Director of Private Markets, New York City Retirement Systems
Arthur Hidalgo, Board Member, Chair of Private Markets Committee, Orange County Employees Retirement System
Michelle Davidson, Managing Director, Pacific Corporate Group, (PCG)
Luke Howe, President, Executive Director, Park Employees' Annuity & Benefit Fund of Chicago
Mike Moy, Managing Director, Pension Consulting Alliance, (PCA)
Bill Rubin, Vice Chairman, Philatlelphia Boarcl of Pensions
Jini Maloney, Trustee, Policemen's Annuity & Benefit Fund of Chicago
Ted Weymouth, Chief Financial Officer, Polk Bros. Founcl a t'Ion
James Ward, Trustee, Public School Teachers Pension B Retirement Funtl of Chicago
Alan Kosan, Managing Director, Head of Non-Traditional Research Group, Rogerscasey
Thurman Zollicoffer, Trustee, State Retiremcnt & Pension System of Maryland
Pete Keliuotis, Managing Director, Strategic Investment Solutions, (SIS)
Wei Huang, Director Alternatives Lnvestrnents, Sentry Insurance
TRD, State Universities Retirement System of Illinois, (SURS)
James Gamett, Managing Director & Head of Secondary Investments, Stepstone Group
Stan Rupnik, Executive Director & CIO. Teachers' Retiremcnt System of the State of Illinois
Dory Wiley, Trustee, Chairman of the Investment Committee, Teacher Retirement System of Texas
Michael Brakebill, CIO, Tennessee Consoliclated Retirement System
Ecl Hennessee, Assistant to the Treasurer, Employee Benefits & Investments, Tennessee Department of Treasur!
L a m a r Villere, Director, Private Equity, Tennessee Consolidated Retirement System
Rene Nunez, Trustee, Chairman, Texas Permanent School Fund
Rick Agosto, Trustee, Texas Permanent School Fund
Jordan Levine, Portfolio Analyst of Private Equity, University of Chicago Office of Investments
Trent May, Chief Investment Officer, Wyoming Retirement System
r
GPs Re~isteredfor the 2009 Private Eauitv Exclusive:
Adams Street Partners
Adveq Management US
Altius Associates
Angelo Gordon & Co.
Asia Alternatives Management
Auda International
Asa Private Equity
Capital Dynamics
Coller Capital
DCM
Fenway Partners
Fisher Lynch Capital
Harbourvest Partners
HSRC Bank USA
Investcorp International
Ka:, ne Anderson Capital Advisors
Landmark Partners
Lexington Capital Partners
Macquarie Capital (lJSA)
Mesiron Financial
Montagu Newhall Associates
MVision Private EquiQ. Advisers lJSA
Northgate Capital
Northern Trust Global Advisors
P a r i ~ hCapital Advisors
Pathnay Capital Managenlent
PCG Asset Management
Pernlal Capital Management
Private Advisors
Ripplewootl Holdings
Sal. Oppenheim PriF ate Equity Partners
Sentient Group
Smith Whiley & Company
Stepstone Group
TIAA-CREF Asset Management
TD Capital P r i ~ a t eEquity Investors
Veronis Suhler Ste\,enson
The Four Seasons Hotel, Chicago
3:oo PM - 3:45 PM - Registration, Meet and Greet
3:45 PM - Emerging Markets & The Global Scope of Private Equity (Presentation)
(A) Emerging Markets
What were the Major Developments over the Past Year?
Do First-Time Funds have a chance?
How does a Global Recession affect the Available Opportunities and Investment Decisions?
BRIC Economies - GDP, Growth, Debt and Reserves
Which Countries offer the best Opportunities and Returns?
Comparing on a Regional basis
Should you be investing in Regional Funds or Country Specific Funds?
Identifying and Managing BarriersIRisks specific to Emerging Markets
Developing Exit Strategies
Long term Outlook
(B) Frontier Markets
Is Frontier Markets the next Emerging Markets?
Increase of Assets in Frontier Markets
Diversification - Low Correlation to Developed Markets
Effects of a Global Recession on Frontier Markets
The Up-and-coming Middle East
Prospects for Africa
Sectors to consider
Bamers & Risks -Political, Currency, Corruption, Limited Research, Low Liquidity, Access, etc.
hloderator:
hlilte Carter, President of the Board. 1,os Angclcs Fire A Police Pensions
Speakers:
Jonathon Bond, Managing Director of Fundraising and Investor Development Activities, Zctis
Piau-Voon \I'ang, CFA, Partner, ,L\danisStreet Partners, 1,1,<'
Hussein Khalifa, Partner, &l\'ision Pri\atc E q u i t Atlvisers liSf\, 1,1,('
4:30 PM - Infrastructure Investing (Presentation)
-
Growth Rate as an Asset Class and Infrastructure Demand where are they projected to be for the Future?
Obama's Infrastructure Plans and how it affects the Industry as a whole
Benchmarking Returns and Comparing against other Asset Classes
Long Term Revenue Streams and Inflation Protection
Implementation Options -Direct, Fund or Listed Exchange
What should you look for in an Infrastructure Manager?
RisWReturn Profiling - Which Infrastructure Assets are classified as High Risk and Low Risk? What is the approximate
Return Potential for each?
In which Sectors will investors find the best Opportunities and Returns?
Outlook and Challenges for Global Infrastructure Investing
Mature vs. Emerging Markets
Investing in Energy Infrastructure
Infrastructure Risks
Wlichele Chow-Tai, Vice President. Alternative Investments, HSBC Bank USA
Speakers:
Dan Kim, Senior Investment Analyst, Global Private Equity Group, Ennis Knupp + Associates
Rene Lubianski, Vice President, klacquaric Capital (1lS.A) Inc.
Leandro A. Festino, CFA, CAIA, Consultant. kleketa Investment Croup, Inc.
5:15 PM - Private Equity Real Estate (Presentation)
The Impact of the Credit Crunch on Private Equity Real Estate
Distressed Opportunities in Real Estate - Investing in Mortgages, Securities of Homebuilders,
Commercial and Residential Sectors
Commercial Real Estate Challenges: Large amount of mortgages set to mature in the coming months
Effects of an Increase for Foreign Investment in Private Equity Real Estate in 2009
What can be expected from Opportunistic Funds?
Global Outlook
Trends
Drawbacks in this Environment
Speaker:
CVilliam J. McMorrow, Chairman of the Board, CEO, Kennedy \Vilson
5:30 PM - Fund of Funds (IJresentation)
Funds of Funds Market Growth and Fundraising
Why use Private Equity Fund of Funds?
Pros and Cons of Fund of Funds
Performance of Fund of Funds vs. Direct - Statistical Comparisons
Selecting a Fund of Funds Manager - Due Diligence, Key Criteria
What are the Points of Distinction between an upper quartile manager and the median?
Types of Fund of Fund Managers - Specialization
Emerging Fund of Funds Strategies -Future Trends
Moderator:
Arthur Hitlalgo, Board Member, Chair of Private Markets Committee, Orangc C'ountj Employees Retirement Sjstem
Speakers:
Robert E. Voeks, Ph.D., Partner, Managing Director, Private Ad~isors,I,L,C
Jeff Pentland, Managing Director, 7'1) Capital Private Equity Inbestors
6:00 PM - Welcome Reception
Join us for Cocktails and Hors D'oeuvres. This is an opportunity to meet your fellow Conference participants and peers in a casual
setting. Familiarize yourself with the conference group at the Open Bar.
7:15 AM
- Breakfast: Sponsored By:
8:10 AM
- Opening Remarks
8:15 AM - Private Equity Portfolio Diagnostics (Presentation)
Portfolio Management Issues
What is your Optimal Allocation to Private Equity?
Cash Flow and Valuation Forecasting
How does your Performance compare to your Private and Public Market Benchmarks?
What Generated your Performance?
Is your Portfolio sufficiently Diversified and performing as expected?
What is your RiskIRetum Profile?
Prospective Managers - will they decrease your portfolio's risk through diversification and add to its return?
Speaker:
Austin Long, Partner, Alignment C'apital C;roup
8:30 AM - Current State of the Private Equity Market (I>iscussion)
The Economy, Recession and its effects on Private Equity
Will the Buyout Market remain quiet due to a Lack of Credit available?
When will Buyout Deals return and are Smaller Deals the new norm?
Will Mezzanine, Distressed and Secondaries continue to spark interest?
What are LPs looking for and what will they focus on?
The Difficult Fund Raising Environment - more bargaining power for fees and terms for LPs?
What is a "Stapled Co-Investment" and will they become more common?
Distributions - far and few between for how long?
Are GPs worried about LPs defaulting on Capital Calls?
Sovereign Wealth Funds are Less Active -are they waiting for the dust to settle, licking their wounds from getting in too
early or just less significant due to drop in oil prices?
The Effects of Pension Fund Liabilities on Private Equity
Carry Taxed by the Obama Administration?
"FAS 157" - What it means for the current environment. What are the effects of the recent easing of the rules?
NYS Common's Banning of Placement Agents - will it gather steam with other funds? What will be the side effects?
Moderator:
Alan Kosan, Managing Director, Head Non-Traditional Research Group. Rogerscase~
Speakers:
William J. Monagle Jr., CPA, Partner, Private Markets, KEP<', LLC
Greg Kulka, CFA, CAIA, Director - Private Equity & ETI Programs, Neu hlexico State Investment C'ouncil
Elizabeth .4. Caldas, Director of Private Markets, New l o r h Cit! Employees' Retirement S>stern
blichelle Daviclqon, Managing Director, PC'G Asset hlanagernent. LLC
hlichael bloy, Managing Director, Pension Consulting Alliance, (PCA)
9:45 AM
- Refreshment Break: Sponsored By:
- Buyouts (Discussion)
Credit Markets and the Lack of Liquidity
The ongoing Deleveraging Process
Expectations for Deal Transactions, (volume)
Taking Pension Fund Liabilities into consideration when making a Deal
Will the lack of Deals at the big Private Equity Firms lead to Layoffs?
Will we continue to see the Buyouts that were completed in the past three years struggle?
Frozen Exit Market
A r e Investors pressuring Firms to renegotiate and reduce the Terms of their Commitment?
Is the Funding Model for Buyouts broken or obsolete?
Is there still a lag between Private Company Valuations and Public Market Valuations?
How to prepare for the remainder of 2009 & 20 10
When will Buyout Deals return?
Will the Mega Private Equity Firms that were once in LBO Funds find a new business model and provide
Long Term CapitalJFinancing?
Focusing on Restructuring Existing Portfolio Companies & Improving Operations - providing financial support
to expand globally, adjusting balance sheets and cutting excess costs
10:15AM
hloderator:
Pete Keliuotis, Managing Director, Strategic Invcstrnent Solutions, (SIS)
Speakers:
Robell L. Parkinson Ill, Senior Investment Analyst, Global Private Equity Group, Ennis Knupp + Associates
Brett Fisher, Managing Director, Fisher Lynch Capital
Bob Rlorgan, Senior Vice President, Director of Private Equity, Kortliern Trust Global Advisors
- Secondaries Market &the Need for Liquidity (biscussion)
Pension Plan Asset Allocation shifts as a result of the Equity Market downturn and the need to Rebalance
Reasons why Pension Plans are turning to the Secondaries Market
How much of a Factor are Capital Calls on the Secondary Market today?
Relieving the Unfunded Investment Period Commitment and Liability
Are we seeing an Allocation Crisis, Liquidity Crisis, or both?
What sort of Discounts are we seeing on the Secondary Market?
What are the Risk Return Characteristics of Secondaries vs. Private Equity in general?
Are Large Buyout Fund interests flooding the market?
What should LPs consider when liquidating portions of their Private Equity Portfolio?
Should LPs buy right now and what are successfill buy strategies for the Current Market?
Joint Ventures - an Alternative to selling a Private Equity Stake at a Discount
Challenges to the Secondaries Market - Valuation/Pricing Risk, Volatility, Timing, etc.
1i:ooAM
hloderator:
Scott Taylor, Principal, Funds & Secondaries, C'PP Investment Board, (Canada Pension Plan)
Frank Morgan, President, Partner. Coller Capital
Ian Charles, Principal, Landmark Partners
Charles R. Grant, Partner, Lexington Partners
C. Redington Barrett, 111, President, CEO, Pern~alCapital Rlanagement, LLC'
James Gamett, Managing Director & Head of Secondary Investments, Stepstone, LLC'
12:oo Noon - Mezzanine (Presentation)
Challenges for Raising Capital in today's Market
Benefiting from the Banking Industry's Failures - getting deals done while Lenders are exiting the Market
Why invest in Mezzanine?
What does the Cash Flow Model and Return Structure look like?
Risk priced into the Market
Issues, Competition, Liquidity, Pricing and Returns Expectations
RiskIReward of Micro, Middle, and Upper Middle Market
Do you consider new M e u Funds to be a tough sell?
Speakers:
Gary \If.Robertson, CFA, Senior Vice President & Manager, Private Equity Research Group, Callan Associates
Venita Fields, Partner, Smith While) LQ Company
12:30 PM - Lunch: Sponsored By:
1:40 PM - Distressed Investing & Credit Opportunities (Presentation)
(A) Distressed
Which Sectors are worth providing Resources and Capital to and how can Pension Plans take advantage of Opportunities?
Understanding Consumer Debt and how it plays into various Opportunities
Has the TARP and Fed Bailouts affected Opportunities?
International Distressed Debt Opportunities - making the case for Asia
Event Driven Opportunities
Merits ofActivist Investing
Lpan-to-Own Opportunities
Overview of the Risks associated with Distressed - leverage, risk of losing a substantial portion or all of
investment, illiquidity, lock-ups/lengthy redemption terms, no requirement of periodic pricing to investors, etc.
Speakers:
P. Bradford Young, Partner and Head ofNorth America, Altius Associates
Armando Acosta, Director, Alternative Investments, TI-AA-CREF
(B) Credit
State of the current Credit Market
fl
How can Pension Plans take advantage of these Opportunities and profit from it?
How should Pension Plans go about analyzing and selecting from the various Credit Funds and Direct Lending Strategies?
Taking advantage of "Special Situations"
A r e Credit Funds a fad or can you profit from them for several years to come?
Separating "Distressed" from Credit Strategies associated with Healthy Entities
Speakers:
Matt Den Bleyker, CAIA. Alternatives Portfolio Manager, Arizona State Retirement System
Chris Tobe, CFA. CAIA, Trustee, lnvestment Committee Member, Kentucky Retirement Systems
Dory Wiley, CPA. CFA, CVA. Trustee. Chairman of the lnvestment Committee, Teacher Retirement System of Texas
Moderator:
Thomas Lynch, Managing Director, Cliffwater LLC
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2:55 PM Refreshment Break: Sponsored By:
3:20 PM - Private Equity Emerging Managers (Discussion)
What are the Benefits & Opportunities offered by Investing in Emerging Managers?
Growth Prospects
Exploiting Price Inefficiencies by utilizing Emerging Managers
Why are Plan Sponsors to establishing Emerging Manager Programs?
What form do the programs take?
How are Plans defining Emerging Managers?
Due Diligence and Key Points of Analysis for Selecting Emerging Managers
How is establishing this type of program different from others?
Risk Profile and Monitoring
How do you measure success?
Moderator:
Alexandra Garcia, Portfolio Manager for Emerging arid Minority Managers, Illinois State Boarcl of Investments
Speakers:
Ross Posner, Allstate In\ estments 1,1,C
Devon Russell, Senior Managing Director, Rlndison C'apitnl Funcling LLC'
James Rlason, Managing Partner, Parish Capital Advisors. I,I,P
4:00 - CleanTech (Presentation)
l
Behind the CleanTech Investing Environment - Climate Change, Demand, Energy Security, etc.
Does the Global Slowdown and Drop in Oil Prices affect the Industry?
Available Capital and Deal Flow
Are there too many Investors chasing too few Opportunities?
What effect will the Obama Administration will have on CleanTech?
Investing in Early-Stage vs. Late-Stage
Which Technologies look the most promising?
Sectors outside of Solar & Biofi~elsto consider
Challenges
The Exit Outlook
Bill Rubin. Vice Chairman, Trustee, Philadelphia Board of Pensions and Retirement
Speakers:
Tom Blaisdell, General Partner, DC'RI
Thomas Martin, Managing Director, PC'C :isset hlanagement, LLC
4:30 PM - Venture Capital (P~.esentation)
Lack of Exits and LPOs - what sort of ripple effects will we see?
Are VCs worried about the ability of their LPs to cover Capital Calls?
How common are Defaults on Capital Calls today and are you worried about the fallout effects of Defaults?
How far out will it be before we can expect a solid LPO Pipeline?
What Trends are you seeing in VC?
Should you be Investing in Early-Stage or Late-Stage in this environment?
European and Global VC Outlook
Do VC Firms need to change their Funding Models to get cash flowing again? Solutions?
Dismal returns when Investing in Venture at Market Peaks vs. Outperformance when Investing at Market Troughs
Speaker:
Ashton Newhall, General Partner, Nlontagu Kewhall Associates, Inc.
4:45 PM - Conference Concludes
5:45 P M - Bus Leaves for U.S. Cellular Field
Join us for a Chicago White Sox Game in a Diamond Suite. Network with our group in an incredible setting and a great view of the
game! Experience the luxurious surroundings including new furnishings, flat-screen TVs, sliding glass windows, deluxe theater
style seating, open bar and food. Join us for networking and excitement!
REGISTRATION:
To register or receive more information on The 2009 Private Equity Exclusive, please call:
Florida Office: (561) 620-1 004, Brett Semel: bsemel@pensionbridge.com -ORNew Jersey Office: (973) 338-1 349, Andrew Blake: ablake@pensionbridge.com
Visit www.pensionbridge.com for additional details.
About The Pension Bridge: We are an innovative company offering educational conferences
of the highest quality. Our objective is to provide an education to the institutional investment
community while providing an impressive speaker faculty in a setting that is conducive to great
networking. We help institutional money managers connect with Pension Funds and Consultants
across the country in a fun, enjoyable atmosphere. Our events can act as a stepping stone to a successful financial relationship or simply help build the investment education.
Our management team's unique skills, operating experience, and industry relationships help to
make our events the main attraction in the industry. We pride ourselves on being there to cater to
our clients' wants and needs. Our ratio of plan sponsor to investment manager allows our events
to be the most desirable and accommodating in the conference industry. The Pension Bridge is
known for its strength, stability, relationships and operational excellence.
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